Pros
My team is full of very smart and helpful engineers. My work is great, I never repeat the same day twice. Even though I'm a junior engineer, my opinions are valued and respected and I feel that the work I'm doing is important. I do feel that we have good products coming in on the market and are doing a decent job and research and development despite our financial situation.
Cons
The only downside is the pay. My initial pay I hired on as was on par with pay everyone else. However, the actual promotions and raises are very small, even though I had stellar reviews. I saw a lot of good people leave AMD within my short time I've been there. I've also seen multiple rounds of layoffs, which broadcasts AMD's instability. While our products are great, having great products is less than half the battle. We still struggle getting customers for these products and no sales = no profits.